Why haven’t HSAs taken off elsewhere?
They have taken off, but they are still too expensive because there hasn’t been enough competition. We limited the amount they could grow by statute, and we’ve limited the true competition for the pricing of the product. When you’ve limited the pricing and how many people can get them, you can see where that’s a restraint on growth. So your position is we’ve got to free up market forces so they can do what only they can do—bring down costs and raise quality. Well, markets work. We can interfere with them so they don’t work. You can come back and create a safety net for those who need our help, but market forces will certainly allocate costs down and minimize those who need help. To get back to the health bill, will something pass? I don’t know. If Democrats want to come back to the middle and work on costs, not on government takeover, something can pass. If we unleash market forces, do you envision that will expand access enough to satisfy those on the left? The only thing that will sa
